Which of the following statements is / are true? 1. The shareholders of a corporation are personally liable for the debt of the corporation. ii. In case of bankruptcy. ordinary shareholders will be repaid their capital investments ahead of preferred stockholderts. iii. Preferred stockholders do not have a right to receive dividends. ionly iiiionly i \& ii only is iif only 1.it and ifi only. Which of the following statements is / are true i. A corporation's charter establishes the authorized number of stock to be issued. ii. Preferred stock is generally classified as stockholders equity under GAAP. iii. A major disadvantage of the corporation is double taxation I only II only 1&11 only ii \& iil only i, ii and lii only Which of the following statements regarding the effects of a business decision on a financial ratio is true? 1. All else constant, if a company is expanding its facilities, its fixed asset turnover ratio is likely to fall temporarily. ii. If a company eases its credit granting policies, its days to collect ratio is likely to increase. iii. All else constant, if a company builds up inventories, its inventory tumover ratio is likely to fall i only iii only i\& ii only i\& ii only i, ii and iii only. Which of the following statements is / are true? i. Unpaid dividends on cumulative preferred stock are called dividends in arrears. ii. A stock split increases total stockholders' equity. iii. A reverse stock split most likely increases the market price of the share. ionly ii only i\& ii only i\& iii only i, ii and iii only